Teekay LNG Partners L.P. (NYSE:TGP) – Research analysts at Jefferies Group issued their FY2017 earnings estimates for shares of Teekay LNG Partners L.P. in a research report issued to clients and investors on Thursday. Jefferies Group analyst R. Giveans expects that the shipping company will earn $1.28 per share for the year. Jefferies Group currently has a “Hold” rating and a $16.00 target price on the stock.

Teekay LNG Partners L.P. (NYSE:TGP) last announced its earnings results on Thursday, August 3rd. The shipping company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.12. Teekay LNG Partners L.P. had a net margin of 38.28% and a return on equity of 6.14%. The firm had revenue of $99.91 million for the quarter, compared to analyst estimates of $103.31 million.

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Other equities research analysts also recently issued reports about the stock. TheStreet upgraded shares of Teekay LNG Partners L.P. from a “c” rating to a “b-” rating in a research report on Thursday, May 18th. Stifel Nicolaus reiterated a “hold” rating and set a $16.00 price target on shares of Teekay LNG Partners L.P. in a research report on Thursday, July 6th. ValuEngine downgraded shares of Teekay LNG Partners L.P. from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. BidaskClub downgraded shares of Teekay LNG Partners L.P. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 14th. Finally, Zacks Investment Research upgraded shares of Teekay LNG Partners L.P. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Teekay LNG Partners L.P. currently has an average rating of “Hold” and an average price target of $16.60.

Teekay LNG Partners L.P. (TGP) opened at 18.25 on Monday. The firm has a market cap of $1.45 billion, a PE ratio of 7.39 and a beta of 1.20. The firm’s 50 day moving average price is $16.37 and its 200-day moving average price is $17.06. Teekay LNG Partners L.P. has a one year low of $10.73 and a one year high of $19.90.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Friday, August 4th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.07%. Teekay LNG Partners L.P.’s payout ratio is 32.75%.

Several large investors have recently bought and sold shares of the stock. Albert D Mason Inc. increased its stake in Teekay LNG Partners L.P. by 1.1% in the first quarter. Albert D Mason Inc. now owns 16,680 shares of the shipping company’s stock worth $293,000 after buying an additional 180 shares during the last quarter. Investment Centers of America Inc. increased its position in shares of Teekay LNG Partners L.P. by 2.2% in the first quarter. Investment Centers of America Inc. now owns 23,801 shares of the shipping company’s stock valued at $420,000 after buying an additional 504 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Teekay LNG Partners L.P. by 2.9% in the first quarter. Global X Management Co. LLC now owns 19,822 shares of the shipping company’s stock valued at $348,000 after buying an additional 564 shares in the last quarter. Valmark Advisers Inc. increased its position in shares of Teekay LNG Partners L.P. by 9.2% in the first quarter. Valmark Advisers Inc. now owns 12,262 shares of the shipping company’s stock valued at $215,000 after buying an additional 1,031 shares in the last quarter. Finally, Spirit of America Management Corp NY increased its position in shares of Teekay LNG Partners L.P. by 0.3% in the first quarter. Spirit of America Management Corp NY now owns 368,456 shares of the shipping company’s stock valued at $6,466,000 after buying an additional 1,200 shares in the last quarter. Institutional investors own 45.59% of the company’s stock.

Teekay LNG Partners L.P. Company Profile

Teekay LNG Partners L.P. is an international provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. The Company’s fleet, excluding newbuildings, consists of approximately 30 LNG carriers (including the six MALT LNG Carriers, four RasGas 3 LNG Carriers, four Angola LNG Carriers and two Exmar LNG Carriers), over 20 LPG carriers (including 20 Exmar LPG Carriers), approximately seven Suezmax-class crude oil tankers and a Handymax product tanker, all of which are double-hulled.

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